Flips vs. Rent
Cartwheels or rentals? Which of these two passive income properties do you think is best for business?
Both are great options for generating passive income, and each has its own advantages. Let’s take a look at the two to find out which one is better. I will also share my personal opinion on what I think contains the most water.
I started moving houses and it was great. He brought a lot of money. The problem with flipping is that you have to do it consistently and regularly if you want to earn more.
If you have a big money loan, delays will reduce your earnings. Regardless, you still have to pay the lender on time, so it can be quite a challenge. This is why you need to constantly change houses to keep the flow of money flowing. Flipping is great, but it takes a lot of work to hold.
On the other hand, rentals are safer. For me it made much more sense to invest in it than in moving houses, since it is more stable and, at the same time, it helps me shape my own legacy to pass it on to my daughter, her daughters, etc.
With rental properties, the funds keep coming in. You’ll have to shell out a lot initially and wait a little longer for the earnings to come in, but once everything balances out and stabilizes, the passive income just keeps coming.
So to answer our question, which one is best for you? It depends.
It depends on your goals. Do you want to benefit from the properties in the next 3 or 6 months? So moving houses is a smart choice. Personally, I lean more towards rental properties for safety.
When looking at these opportunities, don’t be afraid to look for other areas to boost and grow your business. It will take a lot of work, but when you see how much you drive your business forward, it will be worth it.
Lastly, experience will always be your best teacher. Believe me in this case. I’ve been through both sides and couldn’t say which one is better for me if I hadn’t tried both.
I hope I was able to help enlighten you on this. It really depends on how you envision your future. If you have any questions, don’t hesitate to contact us. We are always happy to help.